Frontera Copper Corporation

Frontera Copper Corporation
Invecture Group

Invecture Group

May 01, 2009 19:04 ET

Frontera to De-List Common Shares From TSX

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - Bryan Nethery, CEO of Frontera Copper Corporation ("Frontera") and John Detmold, CEO of 0839073 B.C. Ltd. a wholly owned subsidiary of Invecture Group, S.A. de C.V. (collectively, the "Offeror"), and controlling shareholder of Frontera, today jointly announced that the Offeror will complete the compulsory acquisition of the remaining outstanding shares of Frontera on May 4, 2009. As of the close of business on May 4, 2009, the Offeror will own all of the outstanding shares of Frontera. Current Frontera shareholders, other than shareholders who dissent to the compulsory acquisition, will be paid $0.75 per common share in accordance with the provisions of the Notice of Compulsory Acquisition filed on SEDAR by the Offeror on April 6, 2009.

As of the close of the market on May 4, 2009 the common shares of Frontera will be delisted from the Toronto Stock Exchange. The currently outstanding Series one and Series two notes of Frontera will remain listed.

Cautionary Statement on Forward Looking Information

This news release contains statements which constitute forward looking information. These statements are forward looking because we have made a statement about what we expect or intend to do in the future. Forward looking statements usually include words such as may, expect, anticipate, intend and believe or similar words. Forward looking statements are necessarily based upon a number of assumptions that, while considered reasonable as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The assumptions relied upon in making the forward looking statements in this news release, which may prove to be incorrect, include, but are not limited to, the various assumptions made by the Offeror in the take over bid circular prepared and filed by the Offeror in accordance with applicable securities laws in Canada as well as the ability of the Offeror to effect the compulsory acquisition and to de-list the common shares of Frontera from the Toronto Stock Exchange. The forward looking information is subject to various risks and other factors which could cause actual results to differ materially from the expressed or implied forward looking information. You should not place undue reliance on forward-looking information.

Contact Information

  • Invecture Group S.A. de C.V.
    John Detmold
    Chief Executive Officer
    + 52-55-5520-6003
    or
    Frontera Copper Corporation
    Bryan Nethery
    Chief Executive Officer
    1 888 323-0973